Recap Consolidation around Y+1 with obvious weaknesses as more of the time was spent below Y+1. Closed the week below Y+1 and midpoint.
Outlook Potential DT in the making as mentioned last week. If the DT is triggered, dropping down to B-3 is likely.
The messy situation is that euro flushed down just a bit to Y-0 and immediately snap back up above B-0, that will trigger a run to B+2 and likely much higher.
As the long term Tick16 index is staying in the bullish zone, and that the short term Tick16 has moved away from the long term index for some time already, ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
First move taken out 82 early in the week, staged a strong comeback potential. After testing previous week low again, did a 1-2-3 buy and tagged target ...
Lawrence's Comment
Recap
Support discovered below Y-1 and Aussie went into consolidation since. Closed the week near Y-1 and below midpoint.
Outlook
Y-1 support will produce a short term bottom with upside ...
EURUSD Jan 21 to Jan 25 Outlook
Lawrence’s Comment
Consolidation around Y+1 with obvious weaknesses as more of the time was spent below Y+1. Closed the week below Y+1 and midpoint.
Outlook
Potential DT in the making as mentioned last week. If the DT is triggered, dropping down to B-3 is likely.
The messy situation is that euro flushed down just a bit to Y-0 and immediately snap back up above B-0, that will trigger a run to B+2 and likely much higher.
Be ready to deal with wild swings this week.
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